In February, the Worldcoin (WLD) token made a notable leap forward, driven by increasing interest in artificial intelligence.
This altcoin has benefited significantly from the hype surrounding AI technologies like ChatGPT, as well as the success of companies like Nvidia. But what exactly does WLD mean, and is this hype justified? In this article we will find out.
What is Worldcoin (WLD)?
Worldcoin (WLD) is a cryptocurrency project focused on creating a unique global identification system. The goal is to provide everyone on the planet with a digital identity, captured through a biometric scan of the eye. This identity can then be used for various purposes, including securing transactions and making decentralized financial services accessible.
Worldcoin thus combines innovative technology with blockchain to improve privacy, security and accessibility for users worldwide. The project aims to provide universal access for users to financial applications and the global economy, regardless of your origin, and to create a place where everyone can benefit from the growth of AI technology.
Sam Altman’s influence on Worldcoin
The coin is drawing particular attention due to the fact that Worldcoin was founded in 2019 by Sam Altman, who is currently the CEO of OpenAI, the company behind successful AI programs such as ChatGPT and DALL-E. These OpenAI programs are among the most successful in the technology market. Moreover, the price of the WLD token seems to be strongly linked to the success and hype surrounding AI technology.
Worldcoin price linked to AI shares
In February, the altcoin Worldcoin (WLD) experienced a significant increase in value, paralleling the gains also seen in the tech and AI stock market. What was striking was the performance of Nvidia’s shares (NVDA), which were worth around $670 on February 21 and peaked at almost $800 the next day. During this same period, WLD also saw a significant increase in value: from around $6.15 on February 21 to almost $9 within 24 hours, an impressive increase of almost 50%. The Worldcoin price is now $10.50.
This increase in the value of WLD coincides with the growing attention for AI technology, which is also putting Worldcoin in the spotlight. This isn’t surprising considering Sam Altman, founder of Worldcoin, has also been praised for his success with ChatGPT, raising expectations around WLD. Strahinja Savic, an analyst interviewed by Coindesk, notes that within the crypto market there is often a correlation between stocks and cryptocurrencies. He says:
“The launch of OpenAI’s Sora and Nvidia’s impressive sales forecasts are fueling general optimism around AI, which is also spilling over into the crypto market. We have seen this phenomenon in the past, for example when tokens related to the metaverse increased in value after the name change from Facebook to Meta,” said Savic.
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Source: https://newsbit.nl/de-explosieve-groei-van-worldcoin-ai-innovatie-en-sam-altmans-visie/
